Why Celsius Holdings Stock Fell 19% in March
Shares of beverage company Celsius Holdings (NASDAQ: CELH) fell 19.3% in March, according to data provided by S&P Global Market Intelligence. The fall came after the company reported financial results that showed a sequential decline in revenue and an annual decline in profits. But there may be more to the story than meets the eye.
On March 11, Celsius reported financial results for 2020. Full-year revenue was up a whopping 74% from 2019. However, investors seemed concerned. To be fair, fourth-quarter revenue showed a sequential decline -- third-quarter revenue was $36.8 million, whereas Q4 revenue was $35.7 million. Additionally, the company's full-year net profit fell from $9.9 million in 2019 to $8.5 million in 2020. With growth stocks like Celsius, investors don't like to see declining top and bottom lines.
Image source: Getty Images.
Source Fool.com
